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On May 19, 2025, Momentus Inc., a space vehicles and parts company with a market capitalization of $9.32 million and currently trading at $1.95, held its 2025 Annual Meeting of Stockholders, successfully reaching a quorum. According to InvestingPro analysis, the company’s stock has experienced significant volatility, with a year-to-date decline of over 75%. The meeting resulted in the election of three director nominees and the ratification of several proposals, including the appointment of auditors, warrant repricing, and the issuance of Class A common stock in connection with various financial instruments.
The director nominees, Brian Kabot, Mitchel B. Kugler, and Kimberly A. Reed, were elected to serve until the 2028 Annual Meeting of Stockholders. Shareholders approved the appointment of Frank, Rimerman + Co. LLP as the company’s independent registered public accounting firm for the fiscal year 2025. Despite current challenges reflected in InvestingPro’s weak Financial Health Score of 1.26, analysts anticipate sales growth of 30% in the current year. Additionally, the repricing of certain existing warrants issued to an institutional investor was sanctioned.
Moreover, shareholders consented to the issuance of Class A common stock in connection with the exercise of certain inducement warrants and the conversion of certain existing Preferred Stock into Class A common stock. An amendment to the Company’s 2021 Equity Incentive Plan to increase the number of shares available for issuance was also approved.
The meeting also addressed the approval of the issuance of Class A common stock associated with the existence of certain convertible notes and warrants, as well as the issuance of Class A common stock upon the conversion of certain existing Preferred Stock. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading below its estimated Fair Value, though investors should note that the company operates with short-term obligations exceeding its liquid assets.
Momentus Inc., which operates under the trading symbols (NASDAQ:MNTS) for its Class A common stock and NASDAQ:MNTSW for its warrants, has made available the details of the meeting’s outcomes in its latest 8-K filing with the Securities and Exchange Commission. The filing includes further information on the voting results for each proposal and the associated exhibits.
In other recent news, Momentus Inc. has made several strategic financial and operational moves. The company announced changes to its convertible promissory notes with Space Infrastructures Ventures, LLC, adjusting the conversion price for a portion of its notes to $1.77 per share for certain Class A common stock. This adjustment follows a previous offer with a conversion price of $2.12 per share. In a separate development, Momentus has entered into a master services agreement with Velo3D, Inc., which it believes has helped meet Nasdaq’s minimum stockholders’ equity requirement of $2.5 million, although formal confirmation is pending.
Additionally, Momentus has engaged in a warrant inducement agreement, resulting in the cash exercise of existing warrants for 1,071,429 shares at $1.93 each, raising approximately $2.07 million. The company will issue new inducement warrants for up to 2,142,858 shares as part of this transaction. Furthermore, Momentus has partnered with Solstar Space Company to trial space-based Wi-Fi, aiming to enhance communication capabilities for spacecraft in orbit. This collaboration is set to demonstrate new technology in early 2026, potentially transforming satellite communication with continuous and on-demand connectivity.
These recent developments reflect Momentus’s ongoing efforts to strengthen its financial position and expand its technological capabilities in the aerospace sector.
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